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Akme Fintrade (India) (BOM:544200) Receivables Turnover : 0.00 (As of Sep. 2024)


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What is Akme Fintrade (India) Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Akme Fintrade (India)'s Revenue for the six months ended in Sep. 2024 was ₹427.9 Mil. Akme Fintrade (India)'s average Accounts Receivable for the six months ended in Sep. 2024 was ₹0.0 Mil.

Akme Fintrade (India) Receivables Turnover Historical Data

The historical data trend for Akme Fintrade (India)'s Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Akme Fintrade (India) Receivables Turnover Chart

Akme Fintrade (India) Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Receivables Turnover
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Akme Fintrade (India) Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Sep24
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Competitive Comparison of Akme Fintrade (India)'s Receivables Turnover

For the Credit Services subindustry, Akme Fintrade (India)'s Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Akme Fintrade (India)'s Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Akme Fintrade (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Akme Fintrade (India)'s Receivables Turnover falls into.


Akme Fintrade (India) Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Akme Fintrade (India)'s Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=649.138 / ((0 + 0) / 1 )
=649.138 / 0
=N/A

Akme Fintrade (India)'s Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=427.886 / ((0 + 0) / 1 )
=427.886 / 0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Akme Fintrade (India)  (BOM:544200) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Akme Fintrade (India) Receivables Turnover Related Terms

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Akme Fintrade (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » Receivables Turnover
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Traded in Other Exchanges
AFIL:India
Address
608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069
Website
Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

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